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Beacon Flats
215 E Long St, Columbus, OH 43215
Units48
Year built2012
Asking price$4,560,000
Price / unit$95,000
Data sourceMANUAL
IMF Deal Score
Attractive Under Current Assumptions
Data Confidence: 7.5/10
Operating snapshot (as reported, before your assumptions)
Gross scheduled income$633,600
Other income$18,000
Vacancy5.0%
Effective gross income$619,920
Operating expenses$250,000
Expense ratio40%
Net operating income$369,920
Going-in cap rate8.1%
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Assumptions
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Property
Financing
Growth
IMF Deal Score
Attractive Under Current Assumptions
Informational only — not a recommendation to buy or sell. Data Confidence is shown separately below.
Cap Rate8.1%
Cash-on-Cash9.3%
DSCR1.53
Debt Yield11.6%
NOI$369,920
Annual Cash Flow$127,813
Monthly Debt Service$20,176
Break-even Occupancy76%
Price / Unit$95,000
Loan Amount$3,192,000
Down Payment$1,368,000
Effective Gross Income$619,920
Score breakdown
Financial Return28 / 35
Cap rate 8.1% and cash-on-cash 9.3%.
Debt Resilience20.4 / 25
DSCR 1.53, debt yield 11.6%, break-even occupancy 76%.
Market Fundamentals12.6 / 20
Columbus, OH: rent growth 3.5%, vacancy 6.0%, job growth 1.8%.
Acquisition Basis4.3 / 10
$95,000/unit vs market median $95,000 (+0%).
Data Confidence7.5 / 10
Source MANUAL, 100% of key fields present, financials unverified.
5-year projection
| Year | NOI | Cash Flow |
|---|---|---|
| Year 1 | $369,920 | $127,813 |
| Year 2 | $385,367 | $143,260 |
| Year 3 | $401,418 | $159,310 |
| Year 4 | $418,094 | $175,986 |
| Year 5 | $435,419 | $193,312 |